Apartment Source - North Vancouver and Burnaby

Par Dan Chatfieldsept. 20, 2018

In this edition, Steve Fame, Dan Chatfield and Jonathan Gee highlight the ongoing demand for apartment buildings in North Vancouver and Burnaby.

North Vancouver has witnessed a surge of investment activity in 2018, as the total year-to-date sales volume has surpassed all of 2017 by nearly 30%. Renovated apartment buildings sales have been the most prevalent, representing 75% of the market transactions in the past 12 months, significantly skewing the sale metrics in North Vancouver. Per-unit values have reached nearly $600,000 and the average capitalization rate increased to 3.67%, year-to-date.